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China offers Bangladesh technology and finance for jute viscose project

Related Keywords: BJMC, building a plant, China, Grasim Industries, import of viscose material, Indian industry on edge, jute, major break through for textile sector, make viscose fibre from jute, MOD signed, offer technology and finance to Bangladesh, regular exporter of VSF, strengthen economic ties, Textile Industrial Corporation of China, Thai Rayon

China has made an offer of technology and finance to Bangladesh for building a plant to make viscose fibre from jute. Viscose made from cellulose fibre found in trees by way of a complex chemical treatment is softer than cotton with good moisture-absorbing properties. This offering by China is done in its pursuit to strengthen economic ties with South Asian countries.

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